Uber’s key CEO candidate backs out at the last minute
Supposedly, Uber is worried not just about criticism of Immelt’s time at GE (his performance there was mixed), but also former CEO Travis Kalanick’s eagerness to have Immelt take his old position. The investors at Benchmark are worried that Immelt might be too eager to please Kalanick and would give the ousted CEO too much power. The company is eager to prove that it has turned a corner after…